Brief: Flat Capital Sells All Shares In Truecaller

Flat Capital AB (publ)

19/02/2025 06:38

Feb 19 (Reuters) - Flat Capital AB  FLATb.ST :
    * SAID ON TUESDAY DIVESTED ALL ITS 525,000 SHARES IN
TRUECALLER
FOR ABOUT 41.5 MSEK
    * INVESTMENT IN TRUECALLER WAS MADE IN NOVEMBER 2013,
THROUGH
INITIAL INVESTMENT OF SEK 600,600 
    * PREVIOUSLY RECEIVED ABOUT SEK  2.2 MLN THROUGH DIVIDENDS
    * INVESTMENT IN TRUECALLER HAS GENERATED A TOTAL PROFIT OF
ABOUT
SEK 43.1 MLN
    * SAYS REASON OF FLAT'S EXIT IS THAT FOUNDERS OF TRUECALLER
HAVE
OPERATIONALLY LEFT COMPANY

        
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 Further company coverage:  FLATb.ST  

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